📈 **GBPJPY Bullish Setup: Reversal Brewing at Key Zone** 🔍
**Pair:** GBPJPY
**Timeframe:** 15m / 1H Confluence
**Bias:** Bullish (waiting for confirmation)
⚡️ **Key Technical Highlights:**
🔹 **1H Demand Zone** – Price is sitting inside a strong historical reversal area around **194.00–194.20**, where we've seen multiple prior bounces.
🔹 **Trendline Support** – Tapping a clean ascending 1H trendline that has held multiple times.
🔹 **Bullish Divergence (15m RSI)** – Momentum is shifting: while price made a lower low, RSI formed a higher low — classic divergence signaling potential reversal.
🔹 **Descending Channel Forming a Wedge** – Price action is coiling inside a falling wedge. Watching closely for a **bullish breakout** above channel resistance.
🔹 **Wick Rejections / Seller Exhaustion** – Repeated long wicks into the zone indicate sellers are losing steam.
🧠 **Bullish Setup Idea:**
✅ **Trigger:**
Look for a break above **194.80** (channel resistance + 0.0 fib)
Then a **higher low retest entry** near **194.40–194.50**
🎯 **Targets:**
* **TP1:** 195.28 – 195.50 (38.2%–50% fib + intraday resistance)
* **TP2:** 196.00 – 196.42 (78.6%–88.6% fib zone)
* **TP3:** 196.86 – 197.00 (full retracement + supply zone)
🛑 **Invalidation:**
* Break below **193.50 – 193.20** with bearish momentum
* RSI falling below 30 with strong bearish close
💬 Let me know if you're watching this level too — would love to hear your take!
\#GBPJPY #Forex #FXTrading #PriceAction #Divergence #BullishSetup #SmartMoney #SupplyAndDemand #TradingViewIdeas
**Pair:** GBPJPY
**Timeframe:** 15m / 1H Confluence
**Bias:** Bullish (waiting for confirmation)
⚡️ **Key Technical Highlights:**
🔹 **1H Demand Zone** – Price is sitting inside a strong historical reversal area around **194.00–194.20**, where we've seen multiple prior bounces.
🔹 **Trendline Support** – Tapping a clean ascending 1H trendline that has held multiple times.
🔹 **Bullish Divergence (15m RSI)** – Momentum is shifting: while price made a lower low, RSI formed a higher low — classic divergence signaling potential reversal.
🔹 **Descending Channel Forming a Wedge** – Price action is coiling inside a falling wedge. Watching closely for a **bullish breakout** above channel resistance.
🔹 **Wick Rejections / Seller Exhaustion** – Repeated long wicks into the zone indicate sellers are losing steam.
🧠 **Bullish Setup Idea:**
✅ **Trigger:**
Look for a break above **194.80** (channel resistance + 0.0 fib)
Then a **higher low retest entry** near **194.40–194.50**
🎯 **Targets:**
* **TP1:** 195.28 – 195.50 (38.2%–50% fib + intraday resistance)
* **TP2:** 196.00 – 196.42 (78.6%–88.6% fib zone)
* **TP3:** 196.86 – 197.00 (full retracement + supply zone)
🛑 **Invalidation:**
* Break below **193.50 – 193.20** with bearish momentum
* RSI falling below 30 with strong bearish close
💬 Let me know if you're watching this level too — would love to hear your take!
\#GBPJPY #Forex #FXTrading #PriceAction #Divergence #BullishSetup #SmartMoney #SupplyAndDemand #TradingViewIdeas
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.